Commodity ratio · live
Cobalt to Bitumen Ratio
The cobalt to bitumen ratio is 12.39 — Cobalt at $56,290.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton.
Prices as of Aug 24, 2026, 10:24 AM UTC. Change either side of the calculator to price any other pair from 170+ commodities.
Cobalt to Bitumen ratio
1.000 T of cobalt = 12.388 T of bitumen
Inverse (BIT/COB): 0.08072 — one Metric Ton of bitumen buys that much cobalt.
Below its 1 year average. (15th percentile of the last 1 year)
Cobalt
$56,290.00
per Metric Ton
Bitumen
¥4,544.00
per Metric Ton
Unit basis: USD per Metric Ton ÷ CNY per Metric Ton. The ratio reads as Metric Tons of bitumen per Metric Ton of cobalt. Prices as of Mon, 24 Aug 2026 10:24:00 GMT.
These two commodities are quoted in different currencies (USD and CNY). The figure above is a raw quote ratio and is not FX-adjusted.
1Y average
14.24
median 13.88
1Y low
9.390
Aug 31, 2025
1Y high
18.49
Dec 16, 2025
Normal band
11.90–16.58
mean ± 1 std dev
Deviation from mean
-0.79σ
312 observations
Cobalt to Bitumen ratio charts
Pick a range once — it applies to the COB/BIT ratio line, the OHLC candles and the Cobalt / Bitumen price chart below.
COB/BIT ratio line
How many T of Bitumen one T of Cobalt buys, over 1Y.
COB/BIT ratio candles
Open, high, low and close of the COB/BIT ratio for each period in the last 1Y.
Cobalt and Bitumen prices
Both legs of the ratio on their own axes, so you can see which one moved over 1Y.
How to calculate the cobalt to bitumen ratio
Cobalt to Bitumen ratio = Cobalt price per Metric Ton ÷ Bitumen price per Metric Ton
The two legs use different units, so the result is a rate — Metric Tons of bitumen per Metric Ton of cobalt — rather than a plain count.
Worked example, live prices: $56,290.00 ÷ $4,544.00 = 12.39. The inverse is 0.08072.
The flagship commodity ratios
Each of these has its own dedicated page with live pricing, a full year of history and range statistics.
Live prices behind the ratio
| # | Symbol | Name | Rate (USD) |
|---|---|---|---|
| 1 | XAU | Gold | 4647.62 |
| 2 | XAG | Silver | 69.00 |
| 3 | WTIOIL-FUT | Crude Oil WTI Futures | 85.69 |
| 4 | BRENTOIL-FUT | Crude Oil Brent Futures | 92.75 |
| 5 | NG-FUT | Natural Gas Futures | 2.77 |
| 6 | PL | Platinum | 1885.63 |
| 7 | PA | Palladium | 1351.00 |
Frequently asked questions
What is the cobalt to bitumen ratio today?
The cobalt to bitumen ratio is 12.39 — Cobalt at $56,290.00 per Metric Ton divided by Bitumen at $4,544.00 per Metric Ton, from live mid-market prices.
How do you calculate the cobalt to bitumen ratio?
Divide the cobalt price per Metric Ton by the bitumen price per Metric Ton. If the two units differ, the result is a rate rather than a plain count — read it as Metric Tons of bitumen per Metric Ton of cobalt.
What is the inverse of the cobalt to bitumen ratio?
The inverse, bitumen to cobalt, is 0.08072 — how many Metric Tons of cobalt one Metric Ton of bitumen buys.